What are Gross Retiree Costs?

Gross Retiree Costs are non-administrative costs incurred under the plan for Medicare Part D drugs (as defined in 42 C.F.R. §423.100), whether paid by the Plan Sponsor or retiree or a combination. Gross Retiree Costs must be reported for all months in the plan year. Premium costs are not considered Gross Retiree Costs for purposes of final cost reports and cannot be reported in place of or in addition to Gross Retiree Costs.